Emerging Markets
The term "emerging markets," while commonly used, is difficult to define. From the perspective of the United States, an emerging market would be one to which a previously untapped potential for U.S. exports or investment might be anticipated.
By the early 1990s, investors had begun to take emerging-market funds very seriously. By 1993, emerging-market funds returned average gains of 72.13 percent. Such high rates of return attracted the attention of the U.S. Department of Commerce which in 1994 identified ten nations as "Big Emerging Markets," or those that were predicted to have...
[The entire page is 1868 words long]